{"id":42351,"date":"2026-05-05T16:23:56","date_gmt":"2026-05-05T16:23:56","guid":{"rendered":"https:\/\/cryptd.in\/shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible\/"},"modified":"2026-05-05T16:23:56","modified_gmt":"2026-05-05T16:23:56","slug":"shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible\/","title":{"rendered":"Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?"},"content":{"rendered":"<p>The self-proclaimed Dogecoin killer, long-standing as the second-largest meme coin, has recently faced serious pressure from the fast-rising MemeCore (M).<\/p>\n<p>The latter posted a double-digit price increase over the past 24 hours and once again reclaimed the No. 2 spot, prompting questions about whether SHIB can restore its former glory.<\/p>\n<h2>Shuffle in the Sector\u2026 Again<\/h2>\n<p>Shiba Inu may be up 3% on a weekly basis, but the broader picture is bleak \u2013 the token has lost half its value over the past year. Its market cap slipped to approximately $3.7 billion, pushing SHIB back into third place among all meme coins.<\/p>\n<p>The second position now belongs to MemeCore (M), which is one of the top-performing cryptocurrencies today (May 5). Its price has jumped 25%, while its capitalization has surged to roughly $4.3 billion.<\/p>\n<p>It remains unclear exactly what triggered M\u2019s rally, as one potential catalyst could be the recent initiative <a href=\"https:\/\/x.com\/MemeCore_M\/status\/2051225325724746095\">unveiled<\/a> on its X account. The team launched the \u201cNo Cap(tion)\u201d community contest, offering USDT rewards to participants. The event will run until May 7 as users\u2019 captions must \u201cfit the scene,\u201d \u201cbe creative,\u201d and \u201cfun.\u201d<\/p>\n<p>It is worth noting that there are some red flags surrounding M, suggesting its price could reverse just as sharply. Numerous analysts, including X user Noodles, have labeled the project as a scam and a \u201cghost chain,\u201d <a href=\"https:\/\/x.com\/criptopaul\/status\/2034549336743248087\">claiming<\/a> that fewer than 10 wallets control the entire network. Such concentration makes the valuation highly vulnerable to manipulation.<\/p>\n<p>Meanwhile, M\u2019s Relative Strength Index (RSI) has entered overbought territory at around 75, which is typically a precursor of a pullback. The technical analysis tool measures the speed and magnitude of recent price changes and ranges from 0 to 100. Conversely, anything below 30 is considered a bullish zone.<\/p>\n<figure aria-describedby=\"caption-attachment-1436292\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/M-RSI.png\"><img decoding=\"async\" class=\"wp-image-1436292\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/M-RSI.png\" alt=\"M RSI\" width=\"1677\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">M RSI, Source: RSI Hunter<\/figcaption><\/figure>\n<h2>What\u2019s Next for SHIB?<\/h2>\n<p>M could dip in the short term, but SHIB isn\u2019t immune either. As a meme coin, it is just as vulnerable to hype cycles, while several indicators point to weakening user engagement, which increases the risk of a correction.<\/p>\n<p>Shibarium\u2019s activity is an evident example. Daily transactions processed on the layer-2 scaling solution remain quite low compared to figures observed before last year\u2019s <a href=\"https:\/\/cryptopotato.com\/shib-army-alert-shiba-inu-team-explains-security-breach-are-funds-safe\/\">exploit<\/a>. The reduced numbers reflect weak demand, fading utility, and a shrinking base of active ecosystem participants that could further undermine market confidence.<\/p>\n<figure aria-describedby=\"caption-attachment-1436293\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/Shibarium-Daily-Transactions-.png\"><img decoding=\"async\" class=\"wp-image-1436293\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/Shibarium-Daily-Transactions-.png\" alt=\"Shibarium Daily Transactions\" width=\"1260\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">Shibarium Daily Transactions, Source: shibariumscan.io<\/figcaption><\/figure>\n<p>The rising amount of SHIB tokens stored on exchanges is another bearish factor. The development indicates that investors have shifted from self-custody methods toward centralized platforms, thereby increasing immediate selling pressure.<\/p>\n<figure aria-describedby=\"caption-attachment-1436294\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/SHIB-Exchange-Reserve.png\"><img decoding=\"async\" class=\"wp-image-1436294 size-full\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/SHIB-Exchange-Reserve.png\" alt=\"SHIB Exchange Reserve\" width=\"1517\" height=\"702\" \/><\/a><figcaption class=\"wp-caption-text\">SHIB Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>A poszt <a href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible\/\">Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?<\/a> jelent meg el\u0151sz\u00f6r a <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The self-proclaimed Dogecoin killer, long-standing as the second-largest meme coin, has recently faced serious pressure from the fast-rising MemeCore (M). The latter posted a double-digit price increase over the past 24 hours and once again reclaimed the No. 2 spot, prompting questions about whether SHIB can restore its former glory. Shuffle in the Sector\u2026 Again [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The self-proclaimed Dogecoin killer, long-standing as the second-largest meme coin, has recently faced serious pressure from the fast-rising MemeCore (M). The latter posted a double-digit price increase over the past 24 hours and once again reclaimed the No. 2 spot, prompting questions about whether SHIB can restore its former glory. 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